Indiana Life And Health Insurance
- Assets
- $8.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 02/1979
- Data as of
- 12/2023
- EIN
- 35-1444018
Organization Overview
Indiana Life And Health Insurance is located in Indianapolis, IN. The organization was established in 1979. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Life And Health Insurance is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Indiana Life And Health Insurance generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $822.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE INDIANA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ("ASSOCIATION") WAS ESTABLISHED TO PROVIDE CERTAIN PROTECTIONS TO POLICYHOLDERS OF INSOLVENT INSURANCE COMPANIES IN ACCORDANCE WITH INDIANA CODE 27-8-8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PAYS COVERED CLAIMS OF POLICYHOLDERS OF INSOLVENT INSURANCE COMPANIES, AS SPECIFIED IN INDIANA CODE 27-8-8. PART IX OF THIS FORM PROVIDES ADDITIONAL INFORMATION ON THE POLICY CLAIMS PAID.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Barbera Executive Director | Trustee | 15 | $0 |
Name Not Listed Chair | 1 | $0 | |
Name Not Listed Vice Chair | 0.5 | $0 | |
Name Not Listed Secretary/treasurer | 0.5 | $0 | |
Name Not Listed Director | 0.5 | $0 | |
Name Not Listed Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,929,419 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $242,875 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,172,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $200,296 |
| Fees for services: Legal | $51,370 |
| Fees for services: Accounting | $23,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,748 |
| Advertising and promotion | $0 |
| Office expenses | $4,353 |
| Information technology | $8,188 |
| Royalties | $0 |
| Occupancy | $7,805 |
| Travel | $23,011 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $54,516 |
| All other expenses | $172 |
| Total functional expenses | $822,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,093,913 |
| Savings and temporary cash investments | $1,277,564 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,116 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $15,000 |
| Intangible assets | $0 |
| Other assets | $221,025 |
| Total assets | $8,627,618 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $8,627,618 |
| Total liabilities and net assets/fund balances | $8,627,618 |